We had mostly very positive US data lately, but the US Dollar didn’t make much of it and couldn’t even manage to break below 750 in the past few weeks. ECB was also bearish and every bear move was bought instantly or the next day. It kind of makes me think that EU wants to go higher and the bottoming might be over soon. Not that I would be a huge fan of indicators, but they kind of suggest the same and are thus aligned with price action. Early next week will give us a clue…if EU goes back above 820-850 and manages to stay there….then we can expect another attempt of breaking 900 and then potentially 1000.
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